Spring Statement 2025
The Chancellor Rachel Reeves has cut the welfare budget further and boosted defence spending in a Spring Statement aimed at kick-starting the faltering economy. Meanwhile, the OBR – the government’s financial watchdog – halved its growth forecast for this year to 1%.
Economic Review
Our latest Economic Review looking back on March includes – the Spring Statement and OBR forecasts, the latest on inflation, a business activity uptick and an unexpected rise in retail sales.